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Why do I have to make my first payment on July 5 or within 5 days of receiving my invoice when I’m not going to move-in until August 21?

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Why do I have to make my first payment on July 5 or within 5 days of receiving my invoice when I’m not going to move-in until August 21?

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The amount you are charged is a set figure based on the occupancy dates (August 21, 2008-May 15, 2009), room type assigned, and the meal plan selected. While you pay your room and board fee in advance, you are only paying for the license agreement time period. Several payment plan options are available – one, two, monthly, or financial aid/special payment plan. The two, monthly and financial aid/special payment plan allows you to make payments rather than paying the full amount on July 5. All payment plans except the financial aid/special payment plan require the first payment to be made on July 5 or within 5 days of receipt of the invoice, whichever is later.

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